While the Bitcoin price continues to record profits, it is showing signs of exhaustion on lower timeframes. However, when zooming out and considering recent data, it becomes clear that cryptocurrencies have experienced a massive rally over the past few months, with the potential for further gains. As of now, Bitcoin is trading at $34,800 with
Bitcoin
XRP, the popular cryptocurrency, has been experiencing significant strides in recent trading hours, providing a promising outlook for investors and traders. Despite a sharp rise, the hourly chart indicates a bullish trend, with the price of XRP hovering around $0.696533. According to CoinGecko, there has been an impressive 8.9% increase in the past 24 hours,
The Bitcoin price performance in October has undoubtedly been one of the most promising and encouraging stories in the cryptocurrency market. Despite some bearish projections for the premier cryptocurrency, analysts like Mags have remained optimistic about Bitcoin’s performance in November and beyond. In this article, we will delve into the insights offered by Mags and
Over the past week, Bitcoin has seen a remarkable surge of 10.50%, driven by a series of significant gains. One particular event that contributed to this surge was the spread of fake news regarding the approval of the BlackRock iShares Bitcoin Spot ETF. As a result, the largest cryptocurrency experienced a 7% price increase on
The ongoing trial against FTX co-founder Sam Bankman-Fried has taken an intriguing turn with the testimony of Zac Prince, the CEO of defunct crypto lender BlockFi. Prince’s appearance in a Manhattan federal courtroom shed light on the intricate relationship between BlockFi, FTX, and Alameda Research. his testimony provided valuable insights into BlockFi’s exposure to Alameda
A trader on Aave, a decentralized liquidity protocol operating on multiple platforms, has recently started selling wrapped Bitcoin (WBTC) to repay outstanding debt. This move comes as the trader faces the risk of collateral liquidation due to a decreasing health factor. In this article, we will delve into the details of the trader’s situation and
Binance, known as the largest cryptocurrency exchange in the world, has recently released its 11th report on its reserves. The numbers presented in the report are nothing short of staggering, with particular attention given to Binance’s XRP holdings. Over the past month, there have been reports of investors depositing XRP into exchanges, and this is
Over the past two years, Ethereum (ETH) has been the clear winner in terms of performance when compared to Solana (SOL). However, a technical analyst known as “CryptoGodJohn” on X believes that this dynamic is about to change. By examining the candlestick arrangement of the SOLETH chart on the weekly chart, the analyst suggests that
Bitcoin’s recent rally has led to critical moments where the cryptocurrency’s spot price interacted with the short-term holders’ (STHs) realized price. The realized price indicates the average cost basis at which Bitcoin investors acquired their coins. If the spot price trades above this indicator, holders are currently in a state of profit. Conversely, trading below
In the upcoming trial of Sam Bankman-Fried, the former CEO of the now defunct crypto exchange FTX, the jury selection process is said to be a swift one, as emphasized by Coinbase’s Chief Legal Officer (CLO) Paul Grewal. This article delves into the dynamics of the jury selection, highlighting key insights from Grewal and providing